Lalique Group announces its 2023 results

Lalique Group SA / Key word(s): Annual Results Lalique Group announces its 2023 results 17-Apr-2024 / 06:49 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. MEDIA RELEASE – Ad hoc announcement pursuant to Art. 53 LR

Media release (PDF)
Medienmitteilung (PDF)
Communiqué de presse (PDF)

Zurich, 17 April 2024 – Lalique Group SA (SIX: LLQ), which is active in the creation, development, marketing and global distribution of luxury goods, generated annual operating revenue of EUR 179.2 million in 2023, a 5% increase on the previous year. With costs up year-on-year, especially for energy and in production, EBIT for 2023 amounted to EUR 7.0 million (EBIT margin of 3.9%), and net Group profit for the year totalled EUR 2.4 million. At the upcoming Annual General Meeting, the Board of Directors will propose that no dividend be distributed for the 2023 business year. For 2024, Lalique Group expects to report a high single-digit percentage increase in revenues and a higher EBIT margin than in 2023.

A telephone conference for investors, analysts and media representatives will be held today at 10:00 CEST.

As pre-announced on 20 March 2024, Lalique Group achieved solid sales growth in the 2023 financial year to which all business segments contributed. After facing challenging market and production conditions in the first half period in particular, business improved in the seasonally stronger second six months, although the shortfall from the first semester could not be fully compensated. The perfume business developed solidly overall following the strong growth in 2022 but suffered intermittently from supply-chain shortages of production components. The crystal business ended the year with good momentum after a difficult start. The Ultrasun sunscreen brand recorded further encouraging progress, and The Glenturret whisky distillery maintained its growth trajectory. Business in the gastronomy and hospitality segment also showed positive trends.